Intermec's Everett HQ up for lease

Now that Intermec needs substantially less office space than it did a few years ago, its landlord is looking for another tenant to fill the high tech firm's 312,000-square-foot headquarters building in Everett.

With four years remaining on its lease, Intermec Inc. (NYSE: IN) has been trying since last summer to find a subtenant for the roughly 100,000 square feet of space it no longer occupies in the two-story building. But it has been challenging to find a large tenant interested in that amount of space on a short-term basis.

So now Intermec and its landlord, Beverly Hills, Calif.-based ARKA Properties, are looking for a new tenant or buyer that can take over the entire space.

Intermec makes bar code scanners and radio frequency identification products for logistics companies and the military.

The 44.7-acre Intermec campus is located at 6001 36th Ave. W., in Everett, near Paine Field and Boeing’s manufacturing facilities. An adjacent 36-acre site is also available separately that can accommodate an additional 357,000 square feet of development.

In an email, McCabe said Boeing’s recent win of the Air Force tanker contract combined with the steady ramp-up of production at its Everett plant likely will drive up demand for space among the aerospace manufacturer’s vendors.

Intermec built its 312,000-square-foot headquarters nearly 20 years ago, then sold the property to ARKA Properties and leased back its space. The company is currently occupying only about two-thirds of the building after moving certain operations elsewhere. McCabe said Intermec likely could shrink its space requirement to about 150,000 square feet in moving to new quarters.

Because the building was built as a corporate headquarters with amenities such as a theater-style auditorium, an atrium with skylights and an indoor gym with outdoor athletic facilities, ARKA would rather not subdivide the space for a series of smaller tenants but keep it as a headquarters for a single large user, McCabe said.

Additionally, roughly 60,000 square feet of space inside the building is set up as high tech space with higher ceilings and additional power and humidity control, McCabe said.

“It’s a unique building that would be an ideal fit for a firm seeking Boeing adjacency and end-of-the-road privacy,” McCabe said.